Small MFs dominate top performing space in equity schemes

6 out of top 10 best equity schemes in last one year are from small and mid-sized fund houses

India's mutual fund industry may have top players controlling majority of the assets under management (AUM), but in terms of performance in the equity segment, it is the small and  mid-sized players that have performed over the last year..

Consider this:  Mirae Asset India-China Consumption fund has made returns of 10.64% for investors while Goldman Sachs CNX Nifty Shariah BeES managed to give 9.93% return as per the statistics available from fund tracking firm Value Research Online.

Further, Axis Equity (which once was ruling the top position in terms of returns) is still among the top five, with its position slipping to third as it offered returns of 8.96% in the last one year.

At the fourth rank comes BNP Paribas Equity scheme with a return of 8.46% followed by Religare Invesco Equity with 7.55%,

The top peformers from smaller fund houses do not stop here. Even, at the 6th rank, it is Tata Ethical Plan A with one year return of 7.54%.